In the most basic sense‚ a payment is the exchange of money‚ or exchange items of value between parties. According to Wikipedia‚ a payment system on the other hand is regarded as a “system” because it employs methods to substitute physical money for items such as cheques and letters of credits. In recent years‚ the electronic information age has led to the development of a vast number of new electronic payment methods that include electronic banking cards‚ electronic fund transfer systems and
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Involvement Of India in Afghanistan Due to its geo-strategic location between the Central Asian‚ South Asian‚ and Middle Eastern security complexes‚ Afghanistan is often defined as an insulator state‚ and sometimes also as a connector. This in-between position has led to constant instability: ever since the creation of the Durrani Empire‚ the country has suffered from internal power struggles as well as outside interference. External attempts to control Afghanistan have nonetheless proven extremely
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1. As a trend setter and harbinger of the movement‚ Madhusudan Das organised the first multifacet cooperative enterprise of the country "The Cuttack Cooperative Store" as early as 1898. 2. The Cuttack Co-operative Store came into existence on 11th June‚ 1898 with Madhusudan Das as the honorary secretary and Jankinath Bose‚ the father of Netajee Subash Chandra Bose as the treasurer. 3. To save the poor cultivators from the exploitation of the money-lenders‚ the Co-operative Movement started in
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Why new banks in India: For the growth of the economy it is necessary to have a greater depth and stability of the financial system. But beyond that for the growth to be truly inclusive our country requires a broader reach of the financial system. Expansion of the banking sector is especially necessary to enable the poor people to avail financial services like building savings‚ avail credit and to insure themselves against income shocks and various emergencies. Issue of new banking licenses: Difference
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Chapter 1. Introduction 1.1 Electronic payment systems and their place in electronic commerce 1.1.1 E-commerce and electronic payment systems 1.1.2 Limitations of traditional payment systems in the context of online payments 1.1.3 The need for new payment systems designed for e-commerce 1.2 User acceptance: understanding and issues 1.3 Research objectives 1.4 Research scope
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(NSE) is a stock exchange located at Mumbai‚ India. It is the 9th largest stock exchange in the world by market capitalization and largest in India by daily turnover and number of trades‚ for both equities and derivative trading. NSE has a market capitalization of around US$1.59 trillion and over 1‚552 listings as of December 2010. Though a number of other exchanges exist‚ NSE and the Bombay Stock Exchange are the two most significant stock exchanges in India‚ and between them are responsible for the
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United Bank of India (UBI) is a state-owned financial services company headquartered in Kolkata‚ West Bengal‚ India. Presently the bank has a three-tier organizational setup consisting of its Head office in Kolkata‚ 34 Regional offices and 1700 branches spread all over India. However‚ its major presence is in eastern India. On March 30‚ 2009‚ the Indian government decided to approve the restructuring United Bank of India.[1] The cabinet has approved the government’s proposal to investing 2.50 billion
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Term) Chapter-1 : Sociology as a Science a) b) c) d) e) Lecture hours per chapter Definition‚ Subject matter and Scope of Sociology Nature of Sociology as a Science‚ Perspectives in Sociology‚ Development of Sociology as a discipline in India : A brief historical Outline Importance and Application of Sociology – Public Sociology – Information Society and Social Problems‚ Policy Making and Action Programme. (17) Chapter-2 : Some Basic Concepts a) Society – Definition and Characteristics
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SHORT ESSAY ON HISTORY OF INDIA India has frequently been subjected to horrors of famine. From 1858 to the end of the 19th century‚ more than twenty famines occurred in India. A major characteristic of British rule in India‚ and the net result of British economic policies‚ was the prevalence of extreme poverty among its people. While historian disagree on the question whether India was getting poorer or not under British rule‚ there is no disagreement on the fact that throughout the period of
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international borrowing‚ fluctuations in the exchange rate as well as foreign investment. The Balance of Payments is essentially all transactions that Australia has against the worlds trade over a given of time; showing the trade and financial flows in Australia’s Economy. Cyclical and structural factors are the main reasons of this balance position. The greatest ramification on Australia’s Balance of Payments recently has been changes in Australia’s terms of trade. Terms of Trade (which shows the relationship
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